Further Gold Weakness Expected Due to DXY?
Hi guys, sharing my straightforward daily analysis on Gold. From a technical view point we could see a reversal within this market from this daily order block and have the possibility to trade below the triple bottom market maker trap where I see a pool of liquidity residing.
This weakness is based on the expectation of a stronger USD due to forecasts of further rate hikes in December and my current bearish bias on the US treasury note due to a number of factors such as the all the new debt and the new treasury issuance.
This weakness is based on the expectation of a stronger USD due to forecasts of further rate hikes in December and my current bearish bias on the US treasury note due to a number of factors such as the all the new debt and the new treasury issuance.
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